Reselling cheap wholesale products online

Online reselling is a business model in which products are bought at a low price and sold at a higher price for profit. Flipping products, or buying products just to resell them is an is attractive business because any product development or branding efforts is not required in this.

Products can be new or used items which is bought by product flippers and resell them at a higher price on online marketplaces or locally. A couple of ways can be applied in this business model to buy products. Retail arbitrage is one of those in which products are bought from another retailer by an entrepreneur and sold it to consumers at a higher price. Products can be bought in bulk from a distributor at a reduced wholesale price in the other way in which  the potential for larger profit margins can be created. The entrepreneur who is flipping the products will mostly be buying in bulk in both situations. The risks that come with investing in a lot of inventory is there in both situations. However, there is an advantage of getting discounts by buying directly from a distributor. 

A B2B marketplace is the best place to find cheap wholesale products as these sites are designed to connect retailers with suppliers. Generally, these are quite easy to browse to find what you are looking for.

Quantity minimums is enforced by many sellers on those platforms to maintain their low wholesale prices. Contracts may be made by some resellers directly with local businesses that are expanding their operations. However, this approach can be more expensive.

Some entrepreneurs choose to stay more general while others a niche to master when it comes to reselling. Some of the best types of wholesale products that can be purchased and resold for a profit include:

A wide range of non-perishable groceries from spices to a bit more processed items, like instant noodles can be sold for a profit as they can be purchased very inexpensively. Grocery items that are easy to buy and resell include:

You don’t have to worry about special shipping methods for spices since they are non-perishable. These are easy to sell also. Spices can be bought in bulk and packaged individually, or individually packaged spices can also be bought. Paprika, Chili powder, Cumin, Fennel seed, Turmeric, Black pepper and Table salt or sea salt are some popular spices. You should visit to a variety of grocery stores and find out what is often out of stock or unavailable if you are planning to sell to a local market. Popular spice, like garlic powder or onion powder, has an high demand and can be sold out quickly. Less common spices that are commonly used but not popular enough to get in a store can be sold by a reseller.

Rice is a staple food in many cuisines, especially for those who have rice-centered diets. It is popular when it is locally produced and have low cost. A large sense of cultural identity is maintained by those people when they migrate to other parts of the world. Diet is part of this which creates a demand for affordable rice in different locations around the world. Varieties of rice other than regular white rice are hard to find in local store which creates many resale opportunities.

A wide variety of beans including Black beans Red beans, Green mung beans, Soybeans, Kidney beans and Dark red kidney beans can be resold for a decent profit. You should visit some local grocery stores to see what variety they offer and based on that you can determine how you to supplement that.

Only a small variety of specialty foods are offered by many grocery stores. So, reselling a small variety of specialty foods, including health foods, fad diet foods, novelty treats, and more can be considered. It is advisable to sell something non-perishable so that you no need to worry about special shipping conditions. Supplements, instant noodles, keto snacks, and specialty pasta are some examples of specialty foods that you could sell.

Online pharmacies have become an essential part of daily life since the beginning of the COVID-19 pandemic as health-related supplies can be delivered to minimize contact which was important for slowing the spread. Some pharmacy items that you can buy and resell include:

People have become more intentional about the nutrients that are found in many vitamins that can be consumed to help strengthen their immune systems since the start of the pandemic.

Cough drops are another important item that can be considered for reselling to make some profit. You need to visit different pharmacy shop around to choose the ones that make the most sense for your reselling business as there is a wide variety of cough drops available in the market. Cough drops are important home delivery items if these are available for delivery as it is especially helpful for those who are sick. This is because access can be easily provided to a medicine that is needed while sick without requiring to leave their home.

Razors are another item that can be sourced relatively inexpensively and retails for a high price. Single-use, men's, women's, eco-friendly, pre-hydrated, and many other categories of razors can be considered for reselling. Success can be achieved in running targeted ads that direct buyers to their product listings as there are some 'niche' types of razors.

First aid is an essential item that is required everywhere including households, businesses, and public establishments. First aid kits that are already assembled can be bought for reselling, or you can resell individual supplies that would go into a first aid kit. Band-Aids, cotton swabs, gauze, alcohol wipes, and medical tape are some of the examples of these.

The buying experience for clothing and accessory has changed in recent years. Clothes are bought online by many people as they can try them out in the comfort of their homes. Clothing has become a prime item for reselling because of the ability to source these items for very little.

Some of the prime fashion categories for online resale businesses include:

Bracelets, earrings, necklaces, and rings, are included in Jewelry which can be sourced at a very reasonable price. Brands can also be created with an elevated touch that allows the jewelry businesses to resell these items at a decently higher rate. Shipping costs are minimal as these items are typically quite light. Shipping can be rolled into their pricing or a nominal shipping and handling fee can be charged.

Hats, scarves, hair clips, and headbands are some example of accessories that is perfect for reselling online. A lot of flexibility is there in what you could offer and the audience that you could target as each of these types of accessories can be customized and created to fit a lot of different styles.

Although there are a lots of different popular styles of clothing that are preferred by different types of people, there are some basic type which refers to versatile pieces of clothing. Basics are plain or simple clothing that can be styled with a variety of other pieces. Plain shirts such as tank tops, tees, long sleeves; sweatshirts; shorts; leggings, and undergarments are some examples of basics.

There will always be a high demand for Kids Clothing as there is always a need for replacements for these clothes because they outgrow their clothes very quickly. A wide variety of options and styles are available to choose from when it comes to kid's clothes. You can choose something a bit more fun or just go with the 'basics' approach for little ones. Although, though you are selling products for kids, always keep it in mind that you are selling these to their parents and caretakers which will affect how you market the items.

A lot of electronics are expensive. However, there are also some tech items that you can get for a reasonable wholesale rate. Some of the hot items in tech that you can source for a low price include:

Security cameras and systems have become popular and are in high demand now as people wants to protect their homes. These items can be a bit more expensive to source. But, the wholesale prices are still relatively low when compare to their retail prices. However, a risk is always there when investing in a higher-cost inventory, but there is a demand to be filled.

Smartphone accessories are also quite high in demand and can be soured for a low price. Phone cases, charging docks, headphones, mini ring lights, and screen protectors are some popular smartphone accessories.

Self-care has become top priorities now a days. Some of the self-care products that are suitable for starting a reselling business include:

Skincare products are generally used to reduce the appearance of aging and the relaxation aspect of the rituals. Serums, creams, tools, face masks, and supplements are included in skincare products.

Beauty products such as makeup and hair products, can also be considered as great options for reselling online. Resellers can opt for a specific niche, or can create a one-stop-shop for all things makeup as many different products are available to choose from in this niche.

You must know what makes a product profitable before you start sourcing products. Here are some points to consider:

First things you should look for is those wholesale products that have good margins. You will be able to make more profit if the margin is bigger. Usually, you get wholesale goods at a lower cost-per-unit when you purchase them in bulk quantities.

It can still be challenging to turn a good profit even if you find wholesale products with a big margin, if the price point is too low. You will also likely find it harder to land sales if the price point is too high.

It is recommended to buy wholesale products that have low competition as it can be tough to make profit  if many businesses are selling a particular product.

You need to check the adequate demand for the product once you find wholesale products with low competition. It is also possible that nobody wants the product if only very few other businesses are selling a particular product.

Try to search for more unique, niche products if you are struggling to find wholesale products with low competition and are in-demand as unique and innovative products have generally less competition. Also, the uniqueness of the product will differentiate it from others on the market, which can increase demand.

Small and lightweight products are often considered as profitable wholesale products as these products are usually cheaper and easier to ship.

Durability of the product is another thing to carefully consider. It is easier to transport durable products with few moving parts. Your returns rate also reduces as it is less likely to go wrong once comes in the hands of customer.